soosil Posted December 28, 2016 Share Posted December 28, 2016 I've always worked on Form 5500's w/ the Schedule I and Schedule H. The 5500-EZ seems so basic that I'm worried I'm overthinking things so I have a question: Would Fee's and Distributions for a Profit Sharing plan be reported on Line 7b of the Form 5500-EZ? According to the IRS instructions Line 7b "Liabilities include but are not limited to benefit claims payable, operating payables, acquisition indebtedness, and other liabilities. Do not include the value of future distributions that will be made to participants." Thank you to anyone who might help enlighten me. Link to comment Share on other sites More sharing options...
Bird Posted December 29, 2016 Share Posted December 29, 2016 No, you're not reporting any activity (income and expenses) besides contributions. It's definitely weird; no attempt to reconcile beginning and ending balances with activity. Ed Snyder Link to comment Share on other sites More sharing options...
soosil Posted December 29, 2016 Author Share Posted December 29, 2016 Thank you, Bird. Link to comment Share on other sites More sharing options...
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